The Administrators Of The Tulane Educational Fund
- Assets
- $3.6b
- Revenue
- $1.6b
- Investments
- $807.0m
- Employees
- 11,041
- Location
- New Orleans, LA
- Founding
- 09/1979
- Data as of
- 06/2021
- EIN
- 72-0423889
Organization Overview
The Administrators Of The Tulane Educational Fund, operating under the name Tulane University, is located in New Orleans, LA. The organization was established in 1979. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Tulane University employed 11,041 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulane University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Tulane University generated $1.6b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.3b during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tulane University has awarded 4,056 individual grants totaling $103,248,371. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HIGHER EDUCATION, RESEARCH, PUBLIC SERVICE
Describe the Organization's Program Activity:
HIGHER EDUCATION: OPERATION OF A PRIVATE UNIVERSITY: THIS CATEGORY INCLUDES EXPENDITURES FOR ALL ACTIVITIES THAT ARE PART OF THE INSTITUTIONS INSTRUCTION PROGRAM. EXPENDITURES FOR CREDIT AND NON-CREDIT COURSES, FOR ACADEMIC, OCCUPATIONAL, AND VOCATIONAL INSTRUCTION AND FOR REGULAR, SPECIAL AND EXTENDED SESSIONS ARE INCLUDED. THE INSTRUCTION PROGRAM ENCOMPASSES 14,472 STUDENTS PARTICIPATING IN UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREE PROGRAMS IN THE FIELDS OF LIBERAL ARTS, SCIENCE AND ENGINEERING, ARCHITECTURE, BUSINESS, LAW, SOCIAL WORK, MEDICINE AND PUBLIC HEALTH AND TROPICAL MEDICINE. ALSO INCLUDED IN THIS CATEGORY ARE ALL FORMS OF STUDENT AID AND EXPENDITURES FOR THE EDUCATION AND SUPPORT OF STUDENTS.
HIGHER EDUCATION: PUBLIC SERVICE: THIS CATEGORY INCLUDES ALL EXPENDITURES FOR THE PUBLIC SERVICE COMPONENT OF THE ACADEMIC MISSION OF THE UNIVERSITY. PUBLIC SERVICE IS A CORE REQUIREMENT OF THE UNDERGRADUATE CURRICULUM. NOTE THAT SOME OF THE SPONSORED ACTIVITIES INCLUDED IN THE ORGANIZED RESEARCH ACHIEVEMENT COULD ALSO BE DESCRIBED AS PUBLIC SERVICE. THESE INCLUDE THE OPERATION OF MEDICAL AND LAW CLINICS THAT SERVE THE UNDERPRIVILEGED, AND CERTAIN DEVELOPMENT WORK OVERSEAS. (14,472 STUDENTS)
HIGHER EDUCATION: ORGANIZED RESEARCH: THIS CATEGORY INCLUDES ALL EXPENDITURES FOR ALL ACTIVITIES THAT ARE PART OF THE UNIVERSITY'S RESEARCH PROGRAM, WHICH INCLUDES ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH OUTCOMES, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION. SUBJECT TO THOSE CONDITIONS, IT INCLUDES EXPENDITURES FOR INDIVIDUAL AND/OR PROJECT RESEARCH AS WELL AS THOSE OF INSTITUTES AND RESEARCH CENTERS (OVER 1,000 FEDERAL AND STATE AWARDS).
HIGHER EDUCATION: AUXILIARY ENTERPRISES: THIS CATEGORY INCLUDES SERVICES THAT SUPPORT EDUCATIONAL ACTIVITIES AND ATHLETIC EXPENDITURES. SERVICES INCLUDE BOOKSTORE, STUDENT HOUSING, VENDING AND FOOD ADMINISTRATION AND CAMPUS RECREATION. (14,472 STUDENTS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Fritz Head Football Coach | 40 | $2,116,000 | |
Mr Michael A Fitts President | OfficerTrustee | 40 | $1,376,000 |
Dr John W Thompson Jr Chair And Professor Of Psychiatry And Behavioral Sciences | 40 | $1,329,000 | |
Jeremy Crigler Chief Investment Officer | Officer | 40 | $1,234,000 |
Dr Aaron Dumont Professor And Chairman Neurosurgery | 40 | $1,095,000 | |
Michael Dunleavy Former Head Basketball Coach | 0 | $1,005,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security Services | 6/29/21 | $5,287,000 |
Ropes & Gray Llp Legal Services | 6/29/21 | $5,184,000 |
Donahue Favret Contractors Construction Services | 6/29/21 | $4,816,000 |
The Chartis Group Llc Consulting | 6/29/21 | $3,683,000 |
Broadmoor Llc General Construction | 6/29/21 | $3,358,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $235,000 |
| Fundraising events | $0 |
| Related organizations | $2,890,000 |
| Government grants | $160,462,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,922,000 |
| Noncash contributions included in lines 1a–1f | $13,199,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $283,509,000 |
| Total Program Service Revenue | $1,055,146,000 |
| Investment income | $25,027,000 |
| Tax Exempt Bond Proceeds | $47,000 |
| Royalties | $946,000 |
| Net Rental Income | $382,000 |
| Net Gain/Loss on Asset Sales | $189,100,000 |
| Net Income from Fundraising Events | $96,000 |
| Net Income from Gaming Activities | $46,000 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,554,442,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,595,000 |
| Grants and other assistance to domestic individuals. | $235,869,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,259,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,480,000 |
| Compensation of current officers, directors, key employees. | $4,688,000 |
| Compensation to disqualified persons | $470,000 |
| Other salaries and wages | $524,394,000 |
| Pension plan accruals and contributions | $28,359,000 |
| Other employee benefits | $45,811,000 |
| Payroll taxes | $34,902,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,434,000 |
| Fees for services: Accounting | $661,000 |
| Fees for services: Lobbying | $577,000 |
| Fees for services: Fundraising | $290,000 |
| Fees for services: Investment Management | $24,200,000 |
| Fees for services: Other | $40,824,000 |
| Advertising and promotion | $14,317,000 |
| Office expenses | $10,407,000 |
| Information technology | $16,525,000 |
| Royalties | $737,000 |
| Occupancy | $42,423,000 |
| Travel | $5,485,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,760,000 |
| Interest | $26,896,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,492,000 |
| Insurance | $10,630,000 |
| All other expenses | $77,316,000 |
| Total functional expenses | $1,341,620,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,049,000 |
| Savings and temporary cash investments | $70,684,000 |
| Pledges and grants receivable | $97,436,000 |
| Accounts receivable, net | $63,820,000 |
| Loans from Officers, Directors, or Controlling Persons | $400,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,769,000 |
| Inventories for sale or use | $89,000 |
| Prepaid expenses and deferred charges | $40,123,000 |
| Net Land, buildings, and equipment | $1,037,726,000 |
| Investments—publicly traded securities | $1,119,821,000 |
| Investments—other securities | $807,003,000 |
| Investments—program-related | $215,360,000 |
| Intangible assets | $0 |
| Other assets | $74,958,000 |
| Total assets | $3,555,238,000 |
| Accounts payable and accrued expenses | $117,531,000 |
| Grants payable | $0 |
| Deferred revenue | $54,801,000 |
| Tax-exempt bond liabilities | $506,125,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $140,000 |
| Unsecured mortgages and notes payable | $388,354,000 |
| Other liabilities | $124,481,000 |
| Total liabilities | $1,191,432,000 |
| Net assets without donor restrictions | $368,476,000 |
| Net assets with donor restrictions | $1,995,330,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,555,238,000 |
Grants Awarded
Over the last fiscal year, The Administrators Of The Tulane Educational Fund has awarded $12,595,670 in support to 558 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: SUBCONTRACT GRANT AWARD | $294,067 |
La Jolla, CA PURPOSE: SUBCONTRACT GRANT AWARD | $280,820 |
Baltimore, MD PURPOSE: SUBCONTRACT GRANT AWARD | $155,647 |
La Jolla, CA PURPOSE: SUBCONTRACT GRANT AWARD | $142,415 |
THE UNIVERSITY OF TEXAS MEDICAL BRANCH PURPOSE: SUBCONTRACT GRANT AWARD | $140,074 |
Salt Lake City, UT PURPOSE: SUBCONTRACT GRANT AWARD | $138,737 |
Grants Recieved
Over the last fiscal year, we have identified 104 grants that The Administrators Of The Tulane Educational Fund has recieved totaling $20,915,635.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: FAMILY PLANNING | $2,375,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: FAMILY PLANNING | $2,300,000 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: REPRODUCTIVE HEALTH | $1,500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $993,390 |
Save The Children Federation Inc Fairfield, CT PURPOSE: LIVELIHOODS ACTIVITY | $952,214 |
Population Council Inc New York, NY PURPOSE: SOCIAL & BEHAVIORAL SCIENCE | $922,777 |
Endowment Analysis
| Beg. Balance | $1,458,648,000 |
| Earnings | $528,388,000 |
| Net Contributions | $58,092,000 |
| Other Expense | $55,719,000 |
| Grants | $16,582,000 |
| Ending Balance | $1,972,827,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Southern Methodist University Dallas, TX | $4,000,720,929 | $1,151,429,320 |
University Of The Incarnate Word San Antonio, TX | $487,005,002 | $259,002,070 |
Trinity University San Antonio, TX | $2,152,998,026 | $314,487,625 |
Abilene Christian University Abilene, TX | $773,960,218 | $252,996,672 |
Loyola University New Orleans, LA | $507,723,751 | $180,729,254 |
St Edwards University Austin, TX | $407,674,009 | $177,051,726 |
St Marys University Of San Antonio San Antonio, TX | $377,035,263 | $162,157,507 |
Texas A&m Foundation College Station, TX | $2,465,090,742 | $282,467,067 |
Dallas Baptist University Dallas, TX | $231,209,561 | $142,120,388 |
Xavier University Of Louisiana New Orleans, LA | $472,117,353 | $172,171,417 |
Houston Baptist University Houston, TX | $346,212,692 | $160,755,476 |